Legg John A. 4
4 · Purple Innovation, Inc. · Filed Sep 3, 2021
Insider Transaction Report
Form 4
Legg John A.
Chief Operating Officer
Transactions
- Award
Performance Stock Units
2021-08-11+5,675→ 5,675 total→ Class A Common Stock (5,675 underlying) - Award
Restricted Stock Units
2021-08-11+3,056→ 3,056 total→ Class A Common Stock (3,056 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of Purple Innovation, Inc. Class A Common Stock. The Restricted Stock Units vest in three equal annual installments; one-third on March 15, 2022; one-third on March 15, 2023; and one-third on March 15, 2024 (the "Vesting Period"). Fractional numbers will be rounded down to the nearest whole number.
- [F2]Each Performance Stock Unit represents a contingent right to receive up to one share of Purple Innovation, Inc. Class A Common Stock after March 15, 2024. Between 0% and 100% of the Performance Stock Units will vest upon Purple Innovation, Inc.'s Class A Common Stock achieving specified target price per share levels on March 15, 2024.